Equipping Points:
Your money and your nest egg have a direct effect on so much of your life, especially those you hold dear. Today we talk about what happens in a family, particularly when someone has passed away and the financial impact that can have. Losing a spouse is an emotionally devastating experience, and amidst the grief, the financial implications can add another layer of stress.
One of the most significant financial challenges after losing a spouse is the income gap. Other key areas to pay attention to are an estate plan, a change in taxes, life insurance, annuities, and a holistic financial strategy. Losing a spouse is heartbreaking, but with the help of a financial advisor hopefully it doesn’t have to be a financial hardship as well.
Here’s some of what we discuss in this episode:
Overcoming the most significant financial challenge after the loss of a spouse.
Understanding the tax implications.
Why estate planning is so vital.
What a balanced financial strategy looks like.
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
Today’s Takeaway:
Related Episodes:
Navigating Spousal Disagreements in Retirement Planning
Financial Decisions Shaped by Key Memories
Common Complaints About Financial Planning
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